Pre ICO Bounty
As the name suggests this type of bounty is carried out before the ICO. This is done to spread awareness about the ICO. It gives the cryptocurrency programs an improved presence on the social media platforms and it carries out a buzz about that particular ICO. The main aim of this is to make as much as marketing penetration as possible through advertising on the informal channels on the social media platform. The purpose here is to keep the word of mouth going. This indeed increases the sales or investments of that particular that ICO. This includes the following things:-
1. Social media bounty
This includes posts on a social media platform that engages the participants. The incentives or rewards here depend upon the engagement level generated by such posts. This can be in the form of likes on the posts or videos, retweets, shares or comments on the posts. The popular social media platforms for this are YouTube, Twitter, Facebook, Instagram.
2. Article writing bounty
This is for the writers where they write featured articles. These are blog posts for a large number of readers and writers. Here the writers write blogs or articles about that particular ICO. The incentive here also depends upon the amount of participation generated by the people.
3. Bitcointalk Signature Bounties
It is a renowned bounty for many ICO programs. Bitcointalk forum participants help to play this bounty. The main function here is of ICO to release a signature with a code embedded in it. The ranking of the participants who post this signature determines the number of stakes they get. For most bounty programs, only people on Bitcointalk who are Jr. Members and above can participate.
These are some of the ways on social media platform where a bounty is carried out to keep the buzz going.
Is there any other way in which a bounty can be carried out?
What do you think is the best promotional strategy in the present times?
Express your views here.